Dec 24, 2012 4:00am PST
's like no gas. what are we going to do. >> reporter: in the tablet wars, google introduced the nexus 7 and ipad came out with the ipad mini. while media continues to boom, news print dwindles. "newsweek," the magazine, will continue in a digital version only. hostess brands which made twinkies, ho-hos and wonder bread shut down after a crippling labor strike. >> what is the world going to be without twinkies? >> reporter: a new intelligence report reports that china will overtake the u.s. economy in 20 years, but america's more immediate concern was the unemployment rate, which finally slipped below 8% in six years. that helped ignite a record shopping spree. americans spent a record $59 billion over thanksgiving weekend but shopping slowed closer to christmas as consumers kept an eye on washington's efforts to avoid the fiscal cliff. alexis christoforous, "cbs news," new york. >>> coming up on "cbs this morning," an update on your last-minute holiday travel and we'll get a live report from dallas-ft. worth airport. >>> plus, the nra is speaking out in the debate over the gun control.
Dec 25, 2012 4:00am PST
." google, how far is earth to the moon? the moon is 238,900 miles... "the great moment had come." 3, 2, 1... [ giggling ] i need all the help i can get. that's why i like nutella. mom, what's the capital of west virginia? charleston. nutella is a delicious hazelnut spread my whole family loves. mom, have you seen my -- backpack? nutella goes great on whole-wheat toast or whole-grain waffles. and its great taste comes from a unique combination of simple ingredients like hazelnuts, skim milk and a hint of cocoa. yeah, bye. have you seen my -- yes. and...thank you. [ male announcer ] nutella. breakfast never tasted this good. >>> here's a look at today's forecast in some cities around the country. new york, morning rain, 43. miami, some sun, 80. chicago, snow showers, 36. dallas, rain and snow, 51. los angeles, partly sunny, 65. >>> time now for a check of the national forecast. a major storm is bringing a white christmas to much of the country. the plains and midwest could see blizzard conditions. up to an inch of snow could fall in parts of the northeast. more severe weather in the south c
Dec 25, 2012 4:00am PST
on and they were off to the launching site. google, how far is earth to the moon? moon is 238,900 miles... the great moment had come... ...5...4...3...2...1 ♪ oh christmas tree oh, christmas tree ♪ ♪ da, da, da, da, da da, da, da, da, da ♪ ♪ oh, christmas tree oh, christmas tree ♪ ♪ da, da, da, da ♪ jingle bells jingle bells ♪ ♪ jingle all the way ♪ oh, christmas tree oh, christmas tree ♪ ♪ how ever green your branches ♪ oh, christmas tree oh, christmas tree ♪ ♪ your branches are unchanging ♪ da, da, da, da, da, da, da ♪ oh, christmas tree oh, christmas tree ♪ ♪ da, da, da, da, da ♪ jingle bells jingle bells ♪ ♪ jingle all the way ♪ oh, what fun it is to ride in a one-horse open sleigh ♪ ♪ oh, christmas tree oh, christmas tree ♪ ♪ how lovely are your branches ♪ ♪ oh, christmas tree oh, christmas tree ♪ ♪ oh, christmas tree oh, christmas tree ♪ ♪ how long your branches are to be ♪ ♪ oh, christmas tree oh, christmas tree ♪ ♪ how lovely are your branches ♪ ♪ oh, christmas tree ♪ ♪ it's been said many times,
Dec 25, 2012 6:00am PST
and google maps is back in the app store. number four facebook's botched ipo. the most anticipated ipo in years had so many problems. a long delay, technical glitches, investor confusion, and plenty of finger pointing. to top it off underwriters wildly over estimated the company's value pricing shares at $38 apiece. the stock is down almost 30% since. number three yahoo's ceo pads his resume. scott thompson claimed to have a bachelor's degree in accounting and computer science but his degree is only in accounting. guess who's not ceo anymore? number two, jp morgan's $6 billion trading loss. ceo jamie dimon in may disclosed a unit in london lost millions on one complicated trade. he had to explain himself to congress and jp morgan still managed a $5 million profit that quarter. >>> finally the dumbest move in business this year? you guessed it. the fiscal cliff. if we go over analysts say it will spark a recession. then again, congress is taking us right to the edge and maybe beyond. check out the full list of dumbest moments in business on cnn money.com. here's to a smarter 2013. back